Bought Farm land instead of Home/Flat
Hey guys,
Instead of buying flat (2bhk) in metro city around 75 Lac. I bought 4 Acer farm land in my native place ( small village ) worth 65 Lac.
I work in MNC Age 32 married
40 % saving 60 % loan
Did I take correct decision?
Correct or not, depends on your caste. and what level of dominance your caste is in the social hierarchy of the village. The biggest problem of agri land is it will get encroached if your do not do any cultivation. If you rent it out, it brings out a different set of dynamics. if you start cultivating, farming is not a part time activity. Its serious business. it doesnt work like how we send out reports in corporate. "Cant do it on Monday, send it by Friday" logic doesn't work here.
Investment done by people with power, should not be copied by people without it. Money is not the only deciding factor when it comes to making investments.
The real question is - How powerful/connected are you?
Few qns got my mind..Where you bought the land. how many crops it yeids per year. What is the water avialbility . what is the rate increase per year.. many qns need to answer yourself sir.
Who gives loan for agriculture land?
100%correct decision.
This is the best investment. U will realise when u will be in your late 40s, just don't allow care takers or extended family members to live on that land. Best luck 🤞
yess
